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26-473: Dianne Cruise is a clinical psychologist who is suffering with an identity crisis and struggling with her marriage. In an attempt to learn about herself, Dianne goes on a road trip to reconnect with three of her old boyfriends. Her first stop is in Colorado, where she appears on the set of a documentary movie that her college boyfriend, Jeff Turin is making. It's a campaign ad for a state politician. The star of

52-400: A prepayment or prepaid expense , is an asset representing cash paid in advance for goods or services to be received in a future accounting period . For example, if a service contract is paid quarterly in advance, the remaining two months at the end of the first month are considered a deferred expense. The prepaid amount is then recognized as an expense in subsequent accounting periods, with

78-596: A board member of the American Cinematheque . Champlin's television career began in 1971 when he hosted Film Odyssey on PBS , introducing classic films and interviewing major directors. That same year, he hosted a live music series, Homewood , for KCET , the Los Angeles PBS station. For six years he co-hosted a public affairs program, Citywatchers , on KCET with columnist Art Seidenbaum. He has interviewed hundreds of film personalities, first on

104-553: A company receives an annual software license fee upfront on January 1 but its fiscal year ends on May 31, the company using accrual accounting would only recognize five months' worth (5/12) of the fee as revenue in the current fiscal year's profit and loss statement . The remaining amount is recorded as deferred income (a liability) on the balance sheet for that year. Charles Champlin Charles Davenport Champlin (March 23, 1926 – November 16, 2014)

130-400: A formal-wear business and is in a band that plays high school dances and sad hotel lounges. She meets him by calling his business and requesting that a formal dress be dropped off for a conference she's attending. When Katz appears at her hotel room, he realizes that Cruise is his ex-girlfriend, and he invites her to see two of his shows. He attempts to seduce her but she initially refuses. After

156-793: Is a cost recorded in a later accounting period for its expected future benefit, or to comply with the matching principle , which matches costs with revenue . Deferred charges include costs such as those related to startup activities, obtaining long-term debt , or running major advertising campaigns. These are carried as non-current assets on the balance sheet until they are amortized . Deferred charges typically extend over five years or more and occur less frequently than prepaid expenses , such as insurance, interest, or rent. Financial ratios often exclude deferred charges from total assets because they lack physical substance (i.e., they do not generate cash directly) and cannot be used to reduce total liabilities . A deferred expense , also known as

182-453: Is recognized. This prevents overstatement of expenses in the period of payment and avoids understating them in subsequent periods. Similarly, cash paid for goods or services not received by the end of the accounting period is added to prepayments to prevent overstating expenses in the payment period. These costs are recognized in the income statement (P&L) in the period the goods or services are received and deducted from prepayments on

208-425: Is still alive and did not commit suicide. Turin then visits Brinks. Cruise's third destination is a small town, where she tries to track down her first boyfriend. She checks into a hotel across the street from the ex-boyfriend's childhood home. Cruise knocks on the door and meets her ex-boyfriend's younger brother and mother. The younger brother, Wayne Van Til (Keith Carradine), informs Cruise that her former boyfriend

234-516: The Chicago Tribune gave the film 2.5 stars out of 4 and wrote that it was "wildly uneven" in tone and had "too many stories. I would have preferred that one relationship, the adult one with Richard Jordan, had been examined in greater detail. She and Jordan seem like an interesting couple. But their rapprochement is rudely severed and what follows after their first encounter appears to be dictated by psychological theory." Charles Champlin of

260-502: The Los Angeles Times stated, "Despite the raucous interlude with Belushi, 'Old Boyfriends' is a quiet and well-observed romantic drama and a promising start for a directing career, revealing most particularly a gift for evoking good performances." Gary Arnold of The Washington Post wrote, "In 'Old Boyfriends,' director Joan Tewkesbury and a talented cast end up hostages to an unsalvageable script." On Rotten Tomatoes ,

286-742: The Z Channel 's On the Film Scene in Los Angeles, then with Champlin on Film on Bravo . Champlin taught film criticism at Loyola Marymount University from 1969 to 1985, was adjunct professor of film at USC from 1985 to 1996, and has also taught at UC Irvine and the AFI Conservatory . He has also written many books, including his biographies Back There where the Past Was (1989) and A Life in Writing (2006). In 1980 Champlin

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312-540: The balance sheet . Deferred revenue (or deferred income ) is a liability representing cash received for goods or services that will be delivered in a future accounting period . Once the income is earned, the corresponding revenue is recognized, and the deferred revenue liability is reduced. Unlike accrued expenses , where a liability is an obligation to pay for received goods or services, deferred revenue reflects an obligation to deliver goods or services for which payment has already been received. For example, if

338-474: The ad is Sam the Fisherman, who criticizes the political opponent for policies that lead to the pollution of streams. On the set Sam the Fisherman flirts with Cruise. After the ad has finished shooting, Cruise joins the cast and crew at a bar, where Sam attempts again to seduce Cruise, unsuccessfully. Turin and Cruise start talking, and they agree to meet again the next night in the parking lot. They meet again

364-448: The appropriate accounting period . Two common types of deferrals are deferred expenses and deferred income . A deferred expense, or prepaid expense , represents cash paid in advance for goods or services that will be consumed in future periods. On the other hand, deferred income (or deferred revenue) is a liability that arises when payment is received for goods or services that have yet to be delivered or fulfilled. A deferred charge

390-554: The characters are more intelligent and interesting than anything they are required to do ... The writing veers back and forth between the good and the appalling." Dale Pollock of Variety wrote, "What's missing, in both the Schraders' script and Tewkesbury's direction, is a strong sense of just why Shire is trying to recapture her past, other than idle curiosity. As in other Schrader pix, the characters are carefully distanced, and only Jordan projects any real warmth." Gene Siskel of

416-399: The corresponding amount deducted from the prepayment. A deferred expense is similar to accrued revenue , where proceeds from goods or services delivered are recognized as revenue in the period earned, while the cash for them is received later. For example, if insurance is paid annually, 11/12 of the cost would be recorded as a prepaid expense , decreasing by 1/12 each month as the expense

442-416: The film holds a rating of 53% from 15 reviews. John Belushi performs "Jailhouse Rock" with his character's bar band. On keyboards is fellow Blues Brother Murphy Dunne . Belushi himself chose the musicians who appeared as his bandmates. Deferral In accounting , a deferral is any account where the income or expense is not recognised until a future date. In accounting, deferral refers to

468-535: The hospital, and meets with Van Til's psychiatrist, Dr. Hoffman. Dr. Hoffman condemns her for inflicting emotional distress on Wayne. At the end of the film, Turin confronts Cruise at her home, and they reunite as a couple. Old Boyfriends was made without a distribution deal. The film had a cost of $ 2.5 million in cash and $ 0.5 million in deferments . Talia's husband David Shire scored the movie. Old Boyfriends received mixed reviews upon release. Vincent Canby of The New York Times called it "a movie in which

494-487: The look-out with no pants and avenging the earlier treatment Katz subjected her to. Meanwhile, her college boyfriend, Turin, hires a private investigator, Art Kopple to find Cruise. While they are in Kopple's office, he makes some phone calls and finds Cruise's place of business and home address. Turin goes to the clinic where Cruise works, and is informed by her boss that she left abruptly, and that her husband, David Brinks,

520-498: The next night and return to Cruise's hotel, where they have sex. They both tell each other they are married, but Cruise later tells Turin that her husband has committed suicide. Turin then tells Cruise that his wife has left him and is living with an artist in Canada. After a brief affair, Cruise leaves without saying goodbye to Turin. The second destination is Minneapolis, where she finds her high school boyfriend, Eric Katz, who started

546-400: The recognition of revenue or expenses at a later time than when the cash transaction occurs. This concept is used to align the reporting of financial transactions with the periods in which they are earned or incurred, according to the matching principle and revenue recognition principle . Deferrals are recorded as either assets or liabilities on the balance sheet until they are recognized in

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572-496: The second show, in a high school gymnasium, Cruise agrees to sleep with Katz. They drive in her muscle car to a scenic look-out. Cruise asks Katz to pretend to bully her into having sex, re-enacting an episode from their high school relationship in which he did cajole her into having sex and then subsequently bragged about it to his friends and humiliated her. While leading Katz to believe that they are about to have sex, Cruise gets Katz out of her car, and then drives away, leaving him at

598-561: Was a writer and correspondent for Life and Time magazine for seventeen years, and was a member of the Overseas Press Club . He joined the Los Angeles Times as entertainment editor and columnist in 1965, was its principal film critic from 1967 to 1980, and wrote book reviews and a regular column titled "Critic at Large". He co-founded the Los Angeles Film Critics Association , and was

624-857: Was an American film critic and writer . Champlin was born in Hammondsport, New York . He attended high school in Camden, New York , working as a columnist for the Camden Advance-Journal and editor Florence Stone. His family has been active in the wine industry in upstate New York since 1855. He served in the infantry in Europe in World War II and was awarded the Purple Heart and battle stars. He graduated from Harvard University in 1948 and joined Life magazine. Champlin

650-591: Was killed in Vietnam. The mother confides in Cruise that Wayne has been damaged by the death of his older brother, is still living at home, has no job and no friends. Cruise offers to work with Wayne and help him recover from the emotional trauma of his older brother's death. Cruise and Van Til, however, become sexually involved, which has a negative effect on Wayne's emotional health and leads to his re-hospitalization. After being scolded by Wayne's mother, Cruise goes to

676-658: Was on the jury of the feature film competition at that year's Cannes Film Festival , serving alongside the likes of Kirk Douglas , Ken Adam and Leslie Caron . Twelve years later, in 1992, he was a member of the jury at the 42nd Berlin International Film Festival and served on the advisory board of the Los Angeles Student Film Institute . In his later years, since the late 1990s, Champlin had macular degeneration , and in 2001 wrote My Friend, You Are Legally Blind ,

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